2018 Garrigues Integrated Report

This is the thirteenth consecutive year that Garrigues has published its Integrated Report (known until five years ago as the Corporate Social Responsibility Report). This report corresponds to the Garrigues 2018 fiscal year (January 1, 2018 through December 31, 2018).

As always, in preparing this report, we have taken into account the guidelines and recommendations of the integrated reporting framework published by the International Integrated Reporting Council (IIRC) in December 2013, adapting them to the progress made on each issue and to Garrigues’ business and specific situation. In particular, pages 21 – 56 provide detailed information on our capital: human, intellectual, social and relationship, natural and financial. This is also the third year we have applied the GRI Standards.

01_Sobre este informe

For yet another year, I am pleased to present Garrigues’ Integrated Report, which provides a balanced view of the firm’s performance in 2018, sets out the most salient aspects affecting its progress and presents the main areas of work for the coming years.

Garrigues faced major challenges on all fronts in 2018. Our main asset is our team of over 2,100 people who work at the firm and they are at the heart of our strategy. We believe that having the best talent is one of major factors that sets us apart. This is why we strive to promote equal opportunities and merit-based promotions and to encourage training, lifelong learning and the development of digital skills among our people. This approach, together with our commitment to diversity and to adopting new, more flexible, collaborative and innovative working methods is undoubtedly one of the keys to our success.

02_Carta del presidente
Fernando Vives EXECUTIVE CHAIRMAN

Business Model

Garrigues is the leading law firm in Spain in terms of billings and is a natural leader in the different practices areas related to business law. All of our departments (corporate/commercial, tax, public law, administrative law, litigation and arbitration, labor and employment, IP and trademarks, etc.) are in step with the market.

Over the years, Garrigues has developed a global corporate culture based on solid ethical principles and values, which is shared by our team of more than 2,100 people of 24 nationalities. This culture is key to achieving one of the firm’s major objectives: consolidating our leading position through excellence. Thanks to our uniform culture, we can offer a multidisciplinary service to our clients with the same quality standard across the world.

Garrigues is present in 13 countries across 4 continents, while at the same time offering local coverage through its 18 offices in Spain. This dual approach is reflected, among other things, in the firm’s capacity to lead rankings of M&A deals, in terms of both the value and number of deals. We lead in terms of deal value because the nature of our domestic and international clients keeps us at the forefront of the sector. We lead on number of deals due to our extensive coverage of the Spanish market.

The future of Garrigues lies in its ability to recognize, attract and retain talent. Our team numbers more than 2,100 people of 24 different nationalities, operating out of 32 offices in 13 countries. We know that the solution to the challenges ahead of us lies in our people and in a diversity of ideas and perspectives. This is why Garrigues has been committed to nondiscrimination and equal opportunities from the very beginning. We strive to offer the best possible working environment, so that each individual can develop their professional capabilities and gain the acknowledgment they deserve.

Garrigues is aware of the challenge it faces in consolidating the firm’s leading position in the 21st century and in an ever-changing world. This is why the firm has embraced innovation and has taken a transformative leap to digitalize its processes. Garrigues has invested 50.7 million euros in innovation over the last five years, not only in technological tools that deliver better client service but also in initiatives that provide professionals with the means to spark and share new ways of working and thinking throughout the firm.

As an international law firm, we have pledged to pursue our activities while at the same time advancing the UN Sustainable Development Goals (SDGs). Accordingly, we seek to safeguard and enhance the world’s economic, social and environmental assets. Our work is guided by the United Nations Global Compact, to which Garrigues adhered in 2002.

03_Modelo de negocio

OUR NUMBERS

13

PRESENT IN 13 COUNTRIES

On 4 continents

32

Offices

14 international offices

3,433

Clients

Who have been with us
on an ongoing basis
for 5 years

2,121

People

24 different nationalities
and 347 new hires
during the year

364.6

Million in revenues

2.1% annual growth

Excellence in client service

Our clients are at the heart of all of the firm’s initiatives and efforts. Everything we strive for – financial soundness, international expansion, growth and innovation – is geared toward creating the very best teams who can provide unparalleled service to our clients.

Latin America, a key region for global connectivity

In 2013, Garrigues embarked on a new strategy of establishing a fully-integrated network of own offices staffed by local lawyers. Since then, we have made good on this strategic commitment and, after only five short years, we are now present in the Pacific Alliance countries (Chile, Colombia, Mexico and Peru) and have a foreign law office in São Paulo, Brazil, making us the Iberian law firm with the greatest presence in Latin America. Thanks to our Latin American network, along with the expert teams advising on local law from our offices in Europe and Asia (Shanghai and Beijing) and the backing of our London and New York offices, Garrigues is in a highly privileged position to reach all corners of the globe.

04_Excelencia en el servicio al cliente_EN

International, Independent and Innovative

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